Money News

Legal & General recommends 'sooner rather than later' Isa investment

Mon 19th Apr 2010

Savers who want to make the most of their Isa investment should transfer their money over in April, according to Legal & General, as the organisation is offering an added incentive.

Marketing director at the financial services provider Claire Evans made her comments after the firm revealed that customers putting their money into certain Isas before April 30th will receive 50 per cent cashback on their annual management charges.

She pointed out that people will not only benefit from this discount by investing early, they will also receive a full year of tax-efficient saving.

In order to qualify for the cashback offer, existing customers must invest a lump sum of £500 to their Isa and new customers have to transfer a minimum of £3,600.

"With the increased limits now available to all, now may be a good time to take advantage of investing in a stocks and shares Isa," stated Ms Evans.

This month, Legal & General revealed that it has launched the Capital Control Bond with five and ten-year options, which are designed to offer steady long-term growth.